Break Up The Big Banks

Wall Street’s increasing power remains “difficult to control because they have the lawyers and the money to resist the pressures of federal regulation.” The Dodd-Frank act that was supposed to control Wall Street “leaves TBTF [too big to fail] entrenched.”I don’t know much aobut how the banking systerm works to know whether this report — I have not read it — is valid but I do know the US can not survive another banking crisis.,cite>robertreich

Liked this post? Follow this blog to get more. 

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Feel free to comment on this story directly above, but you can also go to copies posted to social media on the left, and reply to or comment on them there. Your responses via Twitter, Facebook, and Google+ will appear below.

To respond on your own website, enter the URL of your response which should contain a link to this post's permalink URL. Your response will then appear (possibly after moderation) on this page. Want to update or remove your response? Update or delete your post and re-enter your post's URL again. (Learn More)